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Guide to Missouri Medicare Supplement Plans for 2021

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If you want to learn about Medicare Supplement plans in Missouri, you came to the right place. We’ll go over all your Missouri Medicare options, explain eligibility, and include cost estimates. Then, in the end, you can make the best choice for you.

Best Medicare Supplement Plans in Missouri

Carriers across the country each have ten different  Medicare Supplement Plans. Regardless of location or carrier, benefits are the same. Some states have more costly Medigap plans than others. The most popular of the three-letter plans are Plan F, Plan G, and Plan N.

But, the best Medicare Supplement plan for you will depend on your situation. Although, many agents will say Plan G makes the most sense because it leaves you with minimal costs outside of the premium and rate increases are historically lower. Yet, some people will be more suitable for Plan F or Plan N. It’s best to be open-minded about your options and consider the long term benefits of your selection.

What is the Medigap Anniversary Rule in Missouri

The Anniversary Rule allows beneficiaries to switch policies within 60 days of the policy anniversary. During this time, you can only change from your plan to another plan of the same letter. So, you can’t switch from Plan G to Plan F. A policy change can be done without dealing with underwriting. This will allow you to compare premiums yearly. Plan changes are simple and can be done over the phone. Keeping up with policy comparison can save you money every year.

Eligibility for Medicare Supplement Plans in Missouri

The best time to sign up for Missouri Medicare Supplement Plans is during the Medigap Open Enrollment Period. Medicare recipients leaving employer coverage can use Guarantee Issue rights to buy a Medigap plan in Missouri; proof of creditable coverage is a requirement.

Medigap Eligibility in Missouri for the Disabled Under 65

Federal law doesn’t require carriers to offer Medigap plans to those on disability; but, the state laws require companies to provide at least one policy to disabled beneficiaries.

The premiums tend to be higher for those under 65. State laws require insurance companies to charge ALL disabled beneficiaries the same premium. Those on Medicare Disability could benefit from Advantage coverage.

Missouri Medicare Advantage Plans

Medicare Advantage in Missouri

35% of enrollees chose a Medicare Advantage plan. Currently, there are no five-star Medicare Advantage plans in the state of Missouri. But, Humana does have a 4.5-star plan available in select areas. Now, just because a policy has a high star rating doesn’t mean it’s the most suitable for you. Some new plans don’t have a rating yet and they could end up being more beneficial. These policies tend to have much lower premiums than other coverage options; still, the copayments can become overwhelming. For example, premiums can be as low as $0 a month. Yet, in Missouri, they can cost as much as $175 a month depending on your location. While Medicare Advantage plans can seem like an all-in-one option, the ancillary benefits aren’t comprehensive. These plans are most suitable for those with Medicaid or people on disability.

Missouri Medicare Part D

Missouri Medicare Part D Prescription Drug Plans Neither Medigap nor Medicare offer prescription drug coverage. By purchasing a Missouri Medicare Part D Plan, you’ll have coverage on necessary drugs.

Medicare Part D costs between $15-$120 a month, depending on the policy you select. Beneficiaries with no medications or certain generic drugs could benefit from the $15 monthly policy. Sometimes the lower premium costs more in the long run. Working with an agent can make identifying the best policy easier.

If you delay enrolling in a policy, you could incur a Part D penalty.

FAQ’s

Can I change my Medigap plan outside of my anniversary month in Missouri?
Yes, you can apply for Medigap anytime. But, outside of an enrollment period, you’ll answer health questions and risk being denied a policy.
What is the average premium for a medicare supplement in Missouri?
Costs can range from $60-$300+ depending on many factors. But, for the most part, you can expect to pay around $160 for a policy. Of course, women will pay less, and the younger you are, the more affordable the policy.
Who regulates Medicare Supplement plans in Missouri?
The Missouri Department of Insurance (DOI), Financial Institutions and Professional Registration (DIFP) regulate the companies that sell Medigap plans.

How to Apply for Medicare Supplement Plans in Missouri

We represent multiple carriers so we can empower you to make an informed choice and make an unbiased suggestion for coverage.

Save yourself time and money; let an expert walk you through plan discovery and the enrollment process.

You can compare rates online or call the number above to speak with one of our brokers that specialize in Medicare consultations.

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